Ethanol futures rose to above $2.8 per gallon, the highest since the start of the year, tracking higher prices for energy as surging gasoline prices since the Russian invasion of Ukraine have lifted demand for biofuels. Simultaneous threats of food security and energy security pushed energy and agricultural commodities prices upwards, leading authorities to consider the difficult choice of whether to divert grains into biofuels production. Higher crude oil prices incentivized Brazilian farms to divert sugar cane to produce biofuels instead of sweeteners while Indonesian authorities expressed no interest in reducing the amount of palm oil in its ethanol to ensure energy security. Historically, Ethanol reached an all time high of 4.33 in June of 2006. The ethanol market is growing rapidly, particularly due to the governments mandate for renewable fuels. Ethanol is largely produced through fermenting starch or sugar-based feedstocks. In the United States, corn is the principal raw material; in Brazil, the world’s leading ethanol producer, sugar cane is widely used. In the United States, Ethanol Futures are available for Trading in The Chicago Board of Trade (CBOT® ). The market prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.

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